7 October 2016
Brady plc ("Brady" or the "Group")
Brady, the leading global provider of trading and risk management solutions for metals, recycling, energy and soft commodities, announces that Peter Harverson has stepped down as a Non - Executive Director of the Company and that Elizabeth Sipiere has joined the Board as a Non-Executive Director with immediate effect. The former Chief Executive Officer of Valueworks Ltd, Elizabeth is an experienced B2B technology executive. She has led growth in Microgen, Hewlett-Packard, OMX, Knight Ridder and several private equity backed businesses.
Elizabeth has also worked in software for the Financial Services, Construction and TELCO industries including as a Non-Executive Director of Orc Software AB participating in the Orc and OMX agreement to create a new front office product and in the acquisition of Cameron Systems moving Orc into a leading position in the global connectivity market.
In addition to her role as a Non-Executive Director, Elizabeth will act as Chief Operating Officer until a new CEO is appointed.
Ian Jenks, Executive Chairman, commented "I would like to thank Peter for his contribution to the business over the past nine years and to welcome Elizabeth to the Board. Elizabeth's enormous drive, energy and experience will be invaluable as we re-organise and re-focus the business."
Further information required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies:
Elizabeth Ann Sipiere, aged 58, was previously a director of the following companies within the past five years:
Valueworks Technology Ltd
Valueworks e-trade Limited
Value Works Applications Services Limited
Value Works Category Management Ltd
Value Works Consulting Limited
Valueworks Holdings Ltd
From 2001 to 2003, Ms. Sipiere was CEO of Interbizz Financial Systems Limited, an early stage software business owned by venture capital funds. The business failed to achieve commercial traction and was placed into administration by its venture capital owners in 2003 and the assets were sold. Ms. Sipiere remained in the business until the disposal was complete.
There are no further disclosures required under the AIM Rules.
For further information please contact:
Ian Jenks, Executive Chairman
Martin Thorneycroft, Chief Financial Officer
Telephone: +44 (0)1223 479479
Alex Aylen (sales)
Telephone: +44 (0)20 7397 8900
Charlie Geller / David Ison / Sam Modlin
Telephone: +44 (0)20 7382 4730
Brady plc (BRY.L) is the largest European-headquartered provider of trading and risk management software to the global commodity and energy markets. Brady combines fully integrated and complete solutions supporting the entire commodity trading operation, from capture of financial and physical trading, through risk management, handling of physical operations to back office financials and treasury settlement, for energy, refined, unrefined and scrap metals, soft commodities and agriculturals.
Brady has 30 years' expertise in the commodity markets with some 400 customers worldwide who depend on Brady's software solutions to deliver vital business transactions across their global operations. Brady clients include many of the world's largest financial institutions, trading companies, miners, refiners and producers, recycling companies, scrap processors, tier one banks and a large number of London Metal Exchange (LME) Category 1 and 2 clearing members and many leading European energy generators, traders and consumers.
For further information visit: www.bradyplc.com
This information is provided by RNS